Revenue increased 0.9% YoY in CC

Large deal bookings at $1.6 Bn, grew 12.9% QoQ, including 13 large deals in Q1
Net income grew 0.6% YoY; Operating cash flow at 98% of Net income

BANGALORE: Wipro Limited (NYSE: WIT,BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards(IFRS) for the quarter ended June 30, 2026.

Highlights of the Results
Results for the Quarter ended June 30, 2026:

1. Gross revenue at ₹244.8 billion ($2,585.9 million1
   ), an increase of 1.0% QoQ and 10.6%
   YoY.
2. IT services segment revenue was at $2,614.5 million, decrease of -1.4% QoQ and
   increase of 1.0% YoY.
3. Non-GAAP constant currency2
   IT Services segment revenue decreased 1.2% QoQ and
   increased 0.9% YoY.
4. Total bookings3 was at $3,370 million, down by 2.4% QoQ in constant currency2
   . Large
   deal bookings4 was at $1,626 million, increase of 12.9% QoQ in constant currency2
   .
5. IT services operating margin5
   for Q1’27 was at 16.0%, decrease of 1.3% QoQ and 1.2%
   YoY.
6. Net income for the quarter was at ₹33.6 billion ($354.6million1
   ), decrease of 4.7% QoQ
   and increase of 0.6% YoY.
7. Earnings per share for the quarter at ₹3.20 ($0.031
   ), decrease of 4.2% QoQ and increase
   of 0.6% YoY.
8. Operating cash flows of ₹32.9 billion ($348 million1
   ), increase of 3.6% QoQ and at 98.0%
   of net income for the quarter.
9. Voluntary attrition was at 13.9% on a trailing 12-month basis.
10. Declared interim dividend of ₹2 ($0.021
    ) per equity share/AD

Performance for the Quarter ended June 30, 2026
Srini Pallia, CEO and Managing Director, said, “Clients are moving beyond technology
modernization to AI-enabled operating models that improve quality, resilience, and
productivity. Wipro’s consulting-led, AI-powered approach helps clients embed AI at the core of their business, and these engagements reflect both the breadth of our capabilities and the trust clients place in us as a transformation partner.”

Aparna Iyer, Chief Financial Officer, said, “As we navigate an evolving technology
landscape, we remain focused on investing in our people and strategic priority areas. While these investments may create some near-term margin volatility, it sets a strong foundation for future growth. Cash flow remained robust, with operating cash flow at 98% of net income for the quarter.

We are also pleased to share that the Board has declared an interim
dividend of ₹2 per share. Including this dividend and payouts made over the past year, we would have returned more than $3 Bn in cash to our shareholders while continuing to invest steadily for growth.”

1. For the convenience of the readers, the amounts in Indian Rupees in this release have been translated
   into United States Dollars at the certified foreign exchange rate of US$1 = ₹94.66, as published by the
   Federal Reserve Board of Governors on June 30, 2026. However, the realized exchange rate in our IT
   Services business segment for the quarter ended June 30, 2026, was US$1= ₹93.53
2. Constant currency for a period is the product of volumes in that period times the average actual exchange
   rate of the corresponding comparative period.
3. Total Bookings refers to the total contract value of all orders that were booked during the period including
   new orders, renewals, and increases to existing contracts. Bookings do not reflect subsequent
   terminations or reductions related to bookings originally recorded in prior fiscal periods. Bookings are
   recorded using then-existing foreign currency exchange rates and are not subsequently adjusted for
   foreign currency exchange rate fluctuations. The revenues from these contracts accrue over the tenure of
   the contract. For constant currency growth rates, refer note 2.
4. Large deal bookings consist of deals greater than or equal to $30 million in total contract value.
5. IT Services Operating Margin refers to Segment Results Total as reflected in IFRS financials.